Locked content AmRest to invest €6 mln in Russian bakeries

WSE-listed restaurant operator AmRest signed a cooperation agreement with LPQ Russia regarding the development of a restaurant activity in the bakery segment on the Russian market, the company said in a market filing. AmRest will invest €6 million in the venture and will become the majority sharehol...

Locked content AmRest plans dual listing in Spain – local media

According to Spanish media outlets, WE-listed restaurant operator AmRest plans to be dual listed on the Madrid Stock Exchange. The floating would not include any new shares. According to the Spanish media, this idea is being spearheaded by the company’s largest shareholder, Mexican businessman Carlo...

Locked content AmRest with 25% rise in revenue in Q4 – preliminary results

WSE-listed restaurant operator AmRest’s revenue for Q4 amounted to PLN 1.51 billion, marking a 25.1 percent increase year-on-year, according to the company’s preliminary results. In local currencies sales increased by 28 percent in the same period, the company stated. In CEE countries sales stood at...

Locked content AmRest to open 300 restaurants next year

WSE-restaurant operator AmRest maintains its target to open over 200 restaurants this year, and plans to open over 300 next year, company’s management board member Wojciech Mroczyński said. “In 2017 we focus on developing the Pizza Hut and KFC chains on new markets. In Q3 we completed several furthe...

Locked content AmRest Q3 profit grows

WSE-listed restaurant operator AmRest posted a PLN 85.25 million attributable net profit in Q3, above consensus expectations for PLN 70 million, and up by 36.5 percent y/y. Revenues amounted to PLN 1.35 billion, in line with expectations and 17.1 percent y/y increase. EBITDA increased 24.8 percent y...

Locked content AmRest posts 17.1% rise in revenue y/y in Q3

AmRest’s revenue for Q3 amounted to PLN 1.356 billion, marking a 17.1 percent increase year-on-year. In local currencies sales increased by 18 percent in the same period, the company stated. In CEE countries sales stood at PLN 686 million, which is 17.1 percent more than in the corresponding period ...

Locked content AmRest approves plan to move to Spain

WSE-listed restaurant operator AmRest shareholders approved the motion to move the company’s headquarters to Spain from Poland, with 90.55 percent of the votes in favor. Back in July, the company announced the plan to move to Spain for investments reasons with the possibility of dual listing on one ...

Locked content AmRest finalizes the takeover of Russian KFCs for PLN 105 mln

WSE-listed restaurant operator AmRest finalized the takeover of 21 KFC restaurants in Russia for PLN 105 million, the company said in a market filing. Local businesswoman Svetlana Mikhailovna Popova was the seller. Currently, AmRest operates 120 KFC restaurants in Russia. The deal was signed back in...

Locked content AmRest Q2 profit below expectations

WSE-listed restaurant operator AmRest posted a PLN 33.1 million attributable net profit in Q2, below consensus expectations for PLN 37.5 million, mostly due to increased costs. Revenues amounted to PLN 1.24 billion, in line with expectations and 27.2 percent y/y increase, in line with preliminary fi...

Locked content AmRest buys 51% stake in PizzaPortal.pl

WSE-listed restaurant operator AmRest has finalized the deal to buy 51 percent stake in food delivery portal PizzaPortal.pl for PLN 10 million, the company said in a market filing. According to transactions terms, AmRest will acquire newly issued shares of Germany-based Delivery Hero subsidiary Rest...